A former Vanguard Group Inc. in-house attorney and ex-Sullivan & Cromwell LLP associate has hit the investment manager with a False Claims Act suit in New York state court alleging it illegally evaded more than $1 billion in federal and state taxes over the past decade, the plaintiff's attorney said Friday.
A mechanical engineer recently fired by Ford Motor Co. is reportedly at the center of a federal investigation for allegedly planting listening devices around the company's headquarters to monitor meetings, raising concerns the devices had been planted to steal trade secrets.
The U.S. Securities and Exchange Commission has dropped its probe of Facebook Inc., and will not bring an enforcement action over issues around the company’s $16 billion initial public offering, the social media giant said on Thursday in a regulatory filing.
A New York federal judge on Friday signed off on a settlement to end Aeropostale Inc.'s lawsuit claiming H&M Hennes & Mauritz AB stole the trademark-protected phrase "Live Love Dream" from its retail rival.
Lloyds Banking Group PLC said Friday that it is close to reaching a settlement with regulators to end an investigation into its alleged role in manipulating a benchmark rate that measures how much banks charge one another to borrow money.
Citigroup Inc. unit LavaFlow Inc., a leading alternative trading platform, agreed Friday to pay $5 million to settle U.S. Securities and Exchange Commission charges of failing to protect confidential trading data, marking the latest action regulators have taken against off-exchange trading venues.